Chart USD/CHF Update: Cautious trade - daily studies under pressure
Anticipated minor tests lower have bounced from 0.8065
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.8170 | ** | 1 August 2025 (m) high | S1 | 0.8040/43 | ** | Jan-Mar (m) highs | |
| R3 | 0.8140 | 24 Jun YTD high | S2 | 0.8000 | ** | congestion | ||
| R2 | 0.8125 | ** | 5 November 2025 (m) high | S3 | 0.7950 | * | congestion | |
| R1 | 0.8100 | * | congestion | S4 | 0.7900 | ** | congestion |
Asterisk denotes strength of level
09:15 BST - Anticipated minor tests lower have bounced from 0.8065, with prices once again trading just beneath congestion resistance at 0.8100. Overbought daily stochastics continue to unwind and the positive daily Tension Indicator is flattening, suggesting room for a fresh pullback towards support at the 0.8040/43 highs from January-March. Further selling pressure will open up congestion around 0.8000. But positive weekly charts should limit any tests of here in renewed buying interest/consolidation. Meanwhile, a close back above 0.8100 will help to stabilise price action. But a further close above the 0.8125 monthly high of 5 November 2025 and the 0.8140 current year high of 24 June is needed to improve sentiment and extend late-January gains towards the 0.8170 high of August.